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ONLINE AUCTION from 7th SEPTEMBER-9th SEPTEMBER
An opportunity to acquire two shops and a spacious first floor flat located on one of the main retail thoroughfares in Tredegar.
The two shop units both have long term tenants and occupy a prominent position in Tredegar town centre. There are a number of local and national retailers within close proximity, including: Home Bargains, Domino’s Pizza and Farmfoods.
The flat above offers sizeable living accommodation and could achieve around £425 pcm. We have been advised that the Mini Market is currently leased at a monthly rental of £400 pcm and IssyRoo currently paying £360 pcm.
The first floor comprises of a three bedroom, self-contained flat which is accessed from the rear. The flat offers good sized living accommodation and benefits from gas central heating provided by a combi boiler (not tested) and double glazed windows. We have also been advised by the current owner that the roof was replaced approximately 3 years ago.
The town of Tredegar is located in the county borough of Blaenau Gwent, approximately 1.5 miles south of the A465 Heads of the Valley road, and approximately eight miles north of Blackwood.
VIRTUAL TOUR
Floor | Description | Rent |
---|---|---|
Tredegar Mini Market | Shop unit, kitchenette, toilet, door to rear | £1,050 per quarter (£4,200 pa) |
IssyRoo | Shop unit, kitchenette, storage area, toilet | £400 pcm (£4,800 pa) |
First Floor Flat | Kitchen, bathroom, 3 bedrooms, lounge/diner | Could achieve £425 pcm (£5,100 pa) |
Total | £1,175 pcm (£14,100 pa) | |
Outside | Rear gravelled garden, patio |
Advised Freehold - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £975) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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